Thursday, May 30, 2024

Foreigners own properties worth US$400 billion in Dubai, Pakistanis have properties value at US$11 billion

Foreigners own properties worth US$400 billion in Dubai, Pakistanis have properties value at US$11 billion
May 14, 2024 Web Desk

DUBAI (92 News) - Dubai Unlocked, a global collaborative investigative journalism project, has revealed that foreigners own properties worth US$400 billion in Dubai.

The list includes political figures, globally sanctioned individuals, alleged money launderers and criminals. The value of properties owned by Pakistanis has been estimated at around US$11 billion.

The project is based on data that provides a detailed overview of hundreds of thousands of properties in Dubai and information about their ownership or usage, largely from 2020 and 2022.

According to the Properties Leaks, 17,165 Pakistanis purchased 23,000 properties in Dubai. Among the Pakistanis listed are: President Asif Ali Zardari’s three children, Hussain Nawaz Sharif, Interior Minister Mohsin Naqvi’s wife, Sharjeel Memon and family members, Senator Faisal Vawda, Farah Gogi, Sher Afzal Marwat, four MNAs and half a dozen MPAs from the Sindh and Balochistan. The Pakistani list also features the late Gen Pervez Musharraf, former prime minister Shaukat Aziz and more than a dozen retired generals as well as a police chief, an ambassador and a scientist. All of whom owned properties either directly or through their spouses and children.